Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.035656
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Weighted average maturity 171.94
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A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO3 $ 5.63322742 $ 2.26374437 $ 0.00000000 % 0.00000000
3A1 $ 15.15711592 $ 11.20079390 $ 4.96161194 % 6.50000006
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 % 6.49999826
3A3 $ 3.33621800 $ 2.46539600 $ 5.34631300 % 6.49999989
3A4 $ 12.09571895 $ 8.93848509 $ 5.05948881 % 6.50000001
SUP3 $ 0.00000000 $ 0.00000000 $ 0.27172067 % 0.35082001
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
3M $ 3.33621461 $ 0.00000000 $ 5.34630993 % 6.49999618
3B1 $ 3.33621209 $ 0.00000000 $ 5.34630288 % 6.49998759
3B2 $ 3.33621209 $ 0.00000000 $ 5.34630288 % 6.49998759
3B3 $ 3.33622050 $ 0.00000000 $ 5.34630876 % 6.49999477
3B4 $ 3.33621209 $ 0.00000000 $ 5.34630288 % 6.49998749
3B5 $ 3.33623414 $ 0.00000000 $ 5.34633045 % 6.50002113
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 37,275.99
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 162,506,747.75
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 507
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO3 $ 637,864.85 $ 634,123.88 $ 954.88
3A1 $ 34,532,818.75 $ 33,961,395.49 $ 900.83 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 9,870,116.47 $ 9,836,754.28 $ 983.68 36157RMZ5
3A4 $ 113,785,367.81 $ 112,311,890.08 $ 921.96 36157RNA9
SUP3 $ 142,836,117.58 $ 141,062,537.99 $ 917.90
3R $ 0.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,302,872.15 $ 1,298,468.29 $ 983.68 36157RNB7
3B1 $ 434,290.06 $ 432,822.11 $ 983.68 36157RNC5
3B2 $ 434,290.06 $ 432,822.11 $ 983.68 36157RND3
3B3 $ 781,723.09 $ 779,080.78 $ 983.68 36157RPE9
3B4 $ 260,574.04 $ 259,693.26 $ 983.68 36157RPF6
3B5 $ 260,578.23 $ 259,697.44 $ 983.68 36157RPG4
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 6 Principal Balance $ 1,801,078.19
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2. 60-89 days
Number 2 Principal Balance $ 648,454.48
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3. 90 days or more
Number 0 Principal Balance $ 0.00
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4. In Foreclosure
Number 0 Principal Balance $ 0.00
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5. Real Estate Owned
Number 0 Principal Balance $ 0.00
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6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
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E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
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2. Bankruptcy Loss Amount: $ 0.00
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3. Fraud Loss Amount: $ 0.00
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4. Certificate Interest Rate of the Class S Certificate: % 0.35082001
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